Hong Kong: TCC International increases its shareholding in TCC

TCC International Holdings Ltd (TCCI) declared that Chia Hsin Pacific Ltd under Chia Hsin Cement Corporation plans to sell off 3030m common shares in TCC to TCC International Ltd for HKD 2.2 per share or HKD667m in total.

Payment will start on 8 September, after which TCCI will raise its shareholding in TCC from 56.92 per cent to 63.05 per cent, while Chia Hsin Pacific will then hold less than 10 per cent in TCC.